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Broadbandits : : Inside the 50 billion telecom heist / Om Malik

Tác giả : Om Malik

Nhà xuất bản : John Wiley & Son

Năm xuất bản : 2003

Nơi xuất bản : New Yersay

Mô tả vật lý : 334 p. ; 22 cm

ISBN : 0471434051

Số phân loại : 384.0973

Chủ đề : 1. Business failures -- United states. 2. Telecommunication -- Corrupt practices -- United states. 3. Công nghệ viễn thông.

Thông tin chi tiết

Tóm tắt :

Investigating the financial fraud and misguided power plays that brought down the telecom industry. Once the foundation of the Dow and NASDAQ, the telecom industry has eaten up more capital than any other industry in recent history and has nothing to show for it. Today, it is by far the worst culprit in the spate of financial dirty dealings that have been splashed across the business pages, and yet the rewards reaped by top executives at many of these failed or failing companies have been inversely proportionate to their decline. Broadbandits takes readers behind the scenes to get the story they won't get in the media. Investigative reporter Om Malik follows the money trail and deciphers the actions and motivations of a generation of new economy "barbarians" that brought down this once lucrative industry. This intriguing book offers an inside look into the telecom bubble, with tales and anecdotes about mavericks who turned simple light and glass fibers into veins of gold, financiers who got greedy and fleeced unsuspecting millions, clueless venture capitalists who thought they'd tapped into the mother lode, hapless entrepreneurs who believed that they were changing the world, and self-proclaimed pundits who were cheering it all on from the sidelines. Broadbandits is a compelling account of the downfall of telecom giants such as WorldCom and Global Crossing, and will show readers how many telecom upstarts and veterans alike became victims of what one chief executive aptly described as "high-yield heroin."

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